inflation

More rate cuts expected in December

Rebecca Atkinson — Wed, 19 Nov 2008 11:16:34 +0000

The Bank of England is expected to cut interest rates again in December but says much hangs on the government's pre-Budget report, due next week.

Cost of living starts to slow

Rebecca Atkinson — Tue, 18 Nov 2008 09:47:28 +0000

Inflation appears to have peaked with the cost of living standing at 4.5% during October, down from 5.2% in September.

Is deflation a blessing or curse?

Rebecca Atkinson — Thu, 13 Nov 2008 12:59:25 +0000

It is likely that 2008 will go down as one of the most financially turbulent in history. For British households, there have been plummeting house prices, failing banks and a pending recession to contend with. In addition, the increasing cost of living - specifically the rising cost of petrol, energy bill hikes and higher food prices - has put pressure on many people's budgets.

Fastest rate of unemployment since 1990s

Rebecca Atkinson — Wed, 12 Nov 2008 12:19:44 +0000

Unemployment is increasing at its fastest rate since the early 1990s, hitting 1.82 million in September.

Recession "very likely" says Bank of England

Rebecca Atkinson — Wed, 12 Nov 2008 11:02:31 +0000

It is now “very likely” that the UK will enter a recession before 2008 is over, the Bank of England has warned in its latest inflation report.

How low could interest rates go?

Rebecca Atkinson — Thu, 30 Oct 2008 12:29:44 +0000

It took the Bank of England a while to act on the shrinking economy, but now that inflation has peaked the central bank appears to be well and truly committed to cutting interest rates. In October it cut the base rate by 0.5% to 4.5% and in November it unveiled a surprise 1.5% cut to 3%.

November 0.5% rate cut forecast

Rebecca Atkinson — Wed, 22 Oct 2008 11:35:30 +0100

The Bank of England is expected to announce another 0.5% interest rate cut as early as November amid the gloomy outlook for a recession in the UK.

Energy bills need to come down

Rebecca Atkinson — Thu, 16 Oct 2008 18:08:14 +0100

Energy companies are coming under increased pressure to slash bills inline with cheaper crude oil.

Basic state pension set to increase

Rebecca Atkinson — Tue, 14 Oct 2008 15:18:24 +0100

The news that inflation exceeded the 5% mark in September should benefit pensioners receiving the basic state pension.

Official figures show the Consumer Price Index (CPI) – the official measure of inflation – hit 5.2% last month while the Retail Prices Index (RPI) – which includes mortgage repayments – stood at 5%.

Inflation rising at fastest rate since 1992

Rebecca Atkinson — Tue, 14 Oct 2008 10:00:28 +0100

Inflation hit 5.2% in September, up from 4.7% in August and now at its highest rate since March 1992.